Xcel Energy

More News and Commentary

Report: U.S. Tax Incentives Will Drive $20 Billion in Renewable Capex Spending Through 2018

S&P Global Market Intelligence ($): With incentives retained in the Tax Cuts and Jobs Act supporting the development of renewable energy, U.S. electric utilities and their competitive energy arms are moving ahead with certainty on planned solar investments to take advantage of the federal solar investment tax credit, or ITC, before it drops permanently to […]

March 28, 2018 Read More →

Xcel Gets State Nod to Build $1.6 Billion Wind Farm in Southwest U.S.

Associated Press: New Mexico regulators on Wednesday approved a $1.6 billion plan that calls for building two massive wind farms along the Texas-New Mexico border. The unanimous vote by the New Mexico Public Regulation Commission marks one of the key steps needed for Xcel Energy to move forward with its plans. Texas regulators are expected […]

March 22, 2018 Read More →

U.S. Utility Xcel Leads in U.S. Shift to Solar and Wind

New York Times: Xcel Energy is a utility company with millions of electric customers in the middle of the country, from Texas to Michigan. In booming Colorado, the company asked for proposals to construct big power plants using wind turbines and solar panels. The bids have come in so low that the company will be […]

February 6, 2018 Read More →

6 Major Plant Closures in 2017 Emblematic of U.S. Coal Industry’s Troubles

Forbes: We Energies is Wisconsin’s largest utility, with more than 2.2 million customers, and coal supplied 50.6% of its total generation capacity in 2015. This November, the utility decided to close its 1.2 GW Pleasant Prairie coal plant in early 2018, despite having only been in operation since 1985 and undergoing $325 million on pollution […]

December 20, 2017 Read More →

In Ongoing Shift From Coal (and Announcement of Two Closures in Colorado), Xcel Says It Has Found ‘the Right Formula’

The Denver Post: Xcel Energy on Tuesday continued its shift away from coal, announcing an agreement to retire two of its three coal-burning units at the Comanche Generating Station in Pueblo while adding substantially more wind, solar and natural gas generation. Xcel Energy will request competitive bids before the end of the year for 1,000 […]

August 30, 2017 Read More →

On the Blogs: A ‘Growing Class of Energy Business CEOs’ Tout Aggressive Expansion Into Renewables

RenewableEnergyWorld.com: Across the nation, smart business leaders are doubling down on wind power because new business realities are driving an energy marketplace that is more diversified and flexible. Clean power sources, such as wind, solar and natural gas, are now customers’ preferred energy choices. And this new energy mix is actually improving America’s grid, adding […]

July 21, 2017 Read More →

Interview: Xcel CEO Puts his Money on ‘Steel for Fuel’

Gavin Bade in Utility Dive: By 2021, Xcel expects wind to be its single largest energy resource — and that means big changes to grid operations. Fowke sat down with Utility Dive to discuss what the transition entails Even for veterans of the power sector, the pace of the energy transformation can astound.  “If I […]

July 12, 2017 Read More →

Biggest U.S. Wind Buyer Xcel Sees ‘No Problem With Reliability,’ CEO Says

SNL: Xcel Energy Inc., the most prolific purchaser of wind energy in the United States, has experienced “no problem with reliability,” Ben Fowke, the utility’s chairman, president and CEO, said May 24, despite supplying up to 67% of its power mix in Colorado with wind-generated electricity. Xcel’s service territory spans eight Western and Midwestern states, […]

May 25, 2017 Read More →

Xcel Chairman: ‘The Fuel of Tomorrow Is On Sale Today’

SNL: Less than a month after President Donald Trump signed an executive order aimed at rolling back environmental regulations and supporting the coal industry, the country’s top buyer of wind-generated electricity showed no signs of changing its midterm strategy. “We like to say that most of our customers … want a cleaner energy product; all […]

April 20, 2017 Read More →

On the Blogs: ‘Vanishing Demand’ for Coal-Fired Electricity

WamstedOnEnergy.com: It’s planning time in the electric utility industry, and a raft of new reports make two points abundantly clear: Efforts to “save” the coal industry are bound to founder since utilities, as a group coal’s largest customer by far, have moved on and are planning a cleaner future in which the black rock’s current […]

April 13, 2017 Read More →